INVESTMENT BANKING | Staff Reporter, China

Shadow credit in China surges to US$69b in November

It was only US$7.9b in October.

According to Bloomberg, Chinese shadow-banking activity registered a surprise jump in November, throwing into sharp relief how policy makers are struggling to make good on their vow to rein in the runaway loan growth that threatens the stability of the financial sector.

Often cast as one of the weakest links in the global financial system given the potential threat it poses to Asia's largest economy, shadow credit — which consists of trust loans, entrusted loans and bank-acceptance bills — rose sharply to 479 billion yuan (US$69 billion), after having dropped to 55 billion yuan (US$7.9b) in October. 

Read the full report here.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.